The most recent updated Standard & Poors credit rating has upgraded its outlook for the Kingdom of Saudi Arabian economy from stable to positive "A- / A-2".
At the same time, it confirmed its short and long term sovereign credit assessment at "A- / A-2".
Such positive expectations reflect the improvement of the gross domestic product of the country and its medium term general budget related to its recovery from coronavirus COVID-19 pandemic in addition to developments at the oil industry sector and contiuation of government reforms program.